Solar Lights: How Are These Eco-Friendly Solutions Enabling Businesses Meet Modern Lighting Needs?

Highlights:

• Introduction to solar lights
• Diverse use cases of solar lights
• Major developments in the sector in 2024

With the growing trend of adopting sustainability among industries, solar lights have emerged as an ideal choice for businesses that are seeking eco-friendly and cost-effective lighting solutions. These lighting fixtures satisfy a wide range of purposes, including indoor lighting, off-grid options, or reliable energy sources for residential homes and buildings.

What are solar lights?

Solar lighting systems refer to an environmentally friendly lighting solution that utilizes power from sunlight through photovoltaic panels. These systems capture and convert sunlight into electricity, which is then stored in batteries. This stored energy is used to power an LED bulb, enabling it to provide adequate light at the time of need such as on nights or cloudy days. This functionality is made possible by the semiconductor properties of the diode, which enable the movement of electrons between two points, generating electromagnetic energy in the form of light.

Major areas that are widely using solar lighting

Nowadays, solar lights have become a popular choice for illuminating roads, streets, and highways in areas where installing electric power lines is highly expensive. They are utilized in rural areas where the electrical grid is incosistent. These lights are mainly manufactured by large-scale manufacturers such as SEPCO, meeting the light level and operational requirements.

On the other hand, these eco-friendly lighting solutions are often used to frighten burglars and other intruders as they are equipped with timers and sensors. They are widely installed in the perimeter of a property, government offices, and various other locations to provide additional security.

Also, solar-powered emergency floodlights are beneficial during and after natural disasters and other circumstances that cause power cuts. They help crews repair during such challenging conditions without needing a generator-powered lighting system.

Furthermore, solar lights have gained huge popularity in gardens and outdoor dining venues. These lighting systems provide both safety and aesthetics and are available in a wide array of styles and products. They are widely installed in flower beds, trees, sculptures, and water elements like pools, fountains, and ponds.

The wide adoption of these lighting solutions across various sectors has promoted the growth of the solar lights market. The industry is predicted to rise at a CAGR of 6.2% from 2022 to 2031. Furthermore, growth in the demand for solar energy storage across leading industries has created lucrative opportunities in the landscape.

JERA Nex entered the U.S. market to boost renewable energy growth

In August 2024, JERA Nex, a leading renewable energy business joined hands with Lightsource bp, a leader in the development and management of energy storage projects to acquire two US solar projects. With this collaboration, JERA Nex plans to expand its portfolio by investing in the two solar assets including the 300MW Oxbow solar farm in Louisiana and the 95MW Happy solar farm in Arkansas. According to Richard Scott, VP for Development and Construction Onshore at JERA Nex, the acquisition has enabled the company to advance its commitment to both onshore and offshore renewable energy, supporting a sustainable future. The company aims to develop high-quality solar firms by working with local communities and customers and to provide clean and sustainable energy in the forthcoming years.

Photinus and Schréder united to promote sustainable outdoor spacing

In March 2024, Photinus, a European-based provider of solar lighting solutions announced its acquisition of Schréder, a supplier of smart outdoor solutions. With this initiative, the companies aimed to offer lighting solutions for individuals with reduced carbon footprints, creating safe and comfortable environments across the globe. This acquisition has offered an opportunity to Photinus to strengthen its position as a sustainable outdoor lighting firm, providing its customers with cutting-edge lighting alternatives using renewable energy. Additionally, the company plans to offer customized solutions for end-users to meet their specific needs. As the sales culture of Schréder aligns with the company’s sales approach, this is expected to make Photinus the center of excellence in solar lighting for Schréder and its customers.

Summing up

Solar lights have played a key role in redefining the energy infrastructure by providing an eco-friendly solution for consistent operations across various fields. They contribute to public safety by illuminating walkways and streets, reducing traffic accidents, and increasing personal safety. In addition, an increase in government initiatives and R&D in solar energy solutions is predicted to drive innovation in the sector in the upcoming years.

To identify emerging opportunities in the solar lights industry, feel free to talk to our industry specialists today!

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